Indus Gas Limited (LON:INDI – Get Free Report) traded up 11.3% during trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 8.85 ($0.11). 681,484 shares were traded during mid-day trading, an increase of 179% from the average session volume of 244,410 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Up 12.6 %
The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The stock has a market cap of £16.38 million, a price-to-earnings ratio of 111.88 and a beta of 0.70. The firm has a 50 day simple moving average of GBX 8.70 and a two-hundred day simple moving average of GBX 9.40.
About Indus Gas
Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in Asia and Europe. The company engages in the exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas and condensate. It owns a 90% participating interest in the Block RJ-ON/6, a petroleum exploration and development concession covering an area of approximately 4,026 square kilometers located in onshore mid Indus basin, Rajasthan.
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